Rolf Jermann elected to the Board of Directors of Bank Frick & Co. AG

22. Apr. 2016

Balzers (LI) – At today’s General Meeting, the shareholders of Bank Frick & Co. AG have elected credit and strategy expert Rolf Jermann (57) from Wittenbach, St. Gallen, to the Board of Directors.

The Board of Directors of the Liechtenstein financial institution thus now has a further full member. Rolf Jermann’s term of office is three years. He was a member of the management of the St.Galler Kantonalbank for 15 years before joining VP Bank in Liechtenstein in 2007. In his most recent position as Head of Commercial Banking, he held group-wide responsibility for the bank’s credit business, focusing on sales, quality assurance, income and risk minimisation.

Rolf Jermann has been a self-employed strategy consultant since April 2015. In the first quarter of 2016, he worked for Bank Frick & Co. AG on a mandate basis, restructuring the Lending Department to ensure that it is equipped to face future challenges. On his appointment, he commented: “I had no hesitations in accepting the position of the Board of Directors as it was clear to me that there is great drive behind this Bank that will see it make positive strides in the coming years.”

Expansion of lending activities

Dr Mario Frick, Chairman of the Board of Directors, is pleased “to have appointed one of the top lending specialists in eastern Switzerland and Liechtenstein.” Bank Frick & Co. AG is working with partner companies to expand the area of alternative payment services and offers e-commerce retailers services such as the optimisation of working capital.

The Board of Directors of Bank Frick & Co. AG is now composed of the following members: Dr Mario Frick (Chairman), Roland Frick (Vice-Chairman), Hannes Fahrnberger, Kuno Frick senior and the newly elected Rolf Jermann.

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